UPDATE 1-Calif. Gov. Schwarzenegger to reverse car tax hike

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By Michael Kahn
SACRAMENTO, Calif., Nov 17 (Reuters) - California Gov. Arnold Schwarzenegger said on Monday he will immediately repeal a $4.3-billion increase in the state's car tax, fulfilling a campaign promise as his first official act.
The Republican, who defeated former Democratic Gov. Gray Davis in an October recall election, also said he would convene a special session aimed at dealing with California's yawning budget shortfall and soaring workers ...

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